Axon Enterprise Inc.’s stock was up 15% as one of the top gainers in the S&P 500 on Wednesday after the Taser maker said budget cuts in Washington may help its business as it played up its ...

adjusted gross margin of 63.2% increased 120 bps Y/Y primarily due to an increased mix of high-margin Axon Cloud and Services revenue and spending in Taser automation and cost-reduction initiatives.

“Over the next year, you might start to hear more about certain CEOs being protected by Taser,” said Josh Isner, president of Axon Enterprise, who said his business had received several ...